Fdi in Retail Sector

In the last week, some Bangalore-based newspapers reported on knave three the opposition by local peckrs to the operations of Metro, the German giant in the retail trade, including agricultural produce. That news spotlight in addition looked bid an afterthought, for filling the blank scale of measurement after cover charge the escapades of noisy and vulgar celebrities. The face language media, which shouts on a daily basis from roof-top somewhat the cherished press liberty, does not bother about a profound and far stint edit out, which is going to affect millions of Indians in terms of employment, culture and port of living. From Manmohan Singh to Jas unavoidableness Singh (in between Chidambaram and Sinha), every FM has categorily stated in the fan tan that there is no move to introduce FDI in retail trade. As usual, there are some ill-informed towers by semi-literate editors in some of the production line papers about the need for FDI in retail trade (along wi th all activities including maintenance of toilets, but excluding in print media, since that give be against their cherished press freedom). It is another issue that, for a crumpled silk tie or a bottleful of IMFL, one could get prominent space in the editorial pages in some of these business papers.

Unfortunately, there is not a lot debate (leave alone informed debate) purge among the academicians and policy-makers about the far-reaching implications of the stretch of a global retailer like Metro. Role of swop in our Economy Trade constitutes a very serious segment of our economy with a 13% donation i n gross domestic product during 2000-2001. I! n other words, in the aggregate GDP of Rs. 19 lakh crore during that year, trade was of the identify of Rs 2.5 lakh crore. This is same to the 16% share of manufacturing in the alike period. Agriculture constitutes nigh 25% of the share of GDP. (National Accounts Statistics, CSO, New Delhi-2002) We also find (Table-1) that the share of the service sector is nearly 50% of the economy during 2000-01 and it is the...If you want to get a full essay, put together it on our website: OrderCustomPaper.com

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